Growing businesses face a lot of challenges in the business world as they try to flourish. Roughly 90% of young firms fail in under five years of foundation.
Given that in today’s economy, job opportunities are going down by the day, the delinquency rate has become a harsh reality. For those who keenly follow business trends, there is a fascinating alteration from these desolate figures.
Study associates frequency, quality of monthly reports with startup success https://t.co/rzlq3yqjLn
— Luke Lazarus (@LukeLazarusAU) January 7, 2020
Read more: Luke Lazarus – Medium
Even with a large proportion of young firms struggling to stay in business, there are a few exceptional entrepreneurs who have a streak of luck.
They are the business people that continually create enterprises and develop them into huge ventures that can be put on the market for massive profits.
The term given for this type of businesspeople is sequential entrepreneurs. As much as they consist of sparse population size, their outstanding success point to more than survival bias.
A particular level of expertise comes into play when working towards achieving the success rate of these sequential entrepreneurs. With time the financial accomplishments become an insignificant factor, and these business people aim at assisting fellow entrepreneurs.
Luke Lazarus implements some of his tactful methods to support young business creators. Born and brought up in Melbourne, Australia, he began his business venture at the age of 8 years.
During his high school days, he was a top achiever who got straight A scores while also showcasing excellence in sports. Since he was a great student who had a knack for business, universities all over the world were looking to enroll him. He turned down sponsorship from Ivy League schools and U.S. Division I colleges. Contrary to what many would do, Luke Lazarus settled for a high-level educational institution from his birthplace Melbourne.
He spent over ten years after college, developing four firms that he eventually sold for high returns. Luke Lazarus was financially empowered by the age of 35 years and still went on with his entrepreneur venture.
After some self-evaluation, he discovered that money was no more a motivating factor for him, and that’s when he decided to spend his time assisting other entrepreneurs who were experiencing various problems.
Offering solutions to such entrepreneurs were more fulfilling than making more money. At that point, Luke Lazarus became a business advisor, and as he would always do, he established a method that was the first of its kind.
With the new approach, there would be considerations of data analysis and more so an emotional attachment among all shareholders. As an experienced marketing consultant, he has assisted many developing firms in getting an Initial Public Listing (IPO) amounting to millions of dollars.
A Brief History
For the past decade, Luke Lazarus has used his marketing expertise to provide solutions for developing firms. He proceeded with his entrepreneur journey at the age of 24 years shortly after attaining his MBA from Melbourne Business School.
Given his hands-on method, he moved to the corporate sector, where he participated in four successful projects. In his opinion, inventors of companies should have laid-out agendas with plans on how to execute them.
Connect with Luke Lazarus on LinkedIn
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